Fortune

Affordability emerged as the common theme of Democrats’ sweep of the November off-year elections, a slippery concept with an anti-incumbent bias, as social media presents an idealized image that fuels resentment about a lifestyle that cannot be afforded and may become a more enduring problem than in the past. While inflation is a plutocratic statistic and inflation can be low, affordability can remain out of reach, with affordability normally directed at specific, large expenses such as home ownership and a 50-year mortgage would save about $119 on a monthly mortgage bill, but the interest costs would be roughly double over the life of the loan compared to a 30-year mortgage.

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